5300 Thomas Drive, Panama City Beach, FL 32408 (MLS# 755937)

HOA Fee: No

New Buyer Fee: No

Last Taxes: 2520

Last Tax Year: 2023

Brokerage Interest: Familial Interest - Listing Broker/Licensee related to owner.

As Is: Yes

List Price/SqFt: 384.78

Status: Sold

List Date: 2024-02-15

List Price: $1,790,000

Current Price: $1,610,000

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: No

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: If coming from the Halfway bridge turn onto Thomas Drive and all the way until it almost runs into the water and keep following it to the right at the light. It will be on the right hand side right after Irwin street.

Area: 03 - Bay County - Beach

Street #: 5300

Street Name: Thomas

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Gulf Lagoon Beach

Parcel ID: 32376-020-000

Legal Description: GULF LAGOON BEACH LOT 4 & PART OF LOT 5 BLK 18 (6.02) ORB 4496 P 994

Floor Number: 3

Design: Duplex

Apx SqFt(Htd/Cooled): 4652

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Builders Plans

Half Baths: 2

# of Stories in Building: 3

Lot Dimensions: 74X110

New Construction: Yes

Garage Y/N: No

Driveway Spaces: 4

Sub-Type: Duplex Multi-Units

Bedrooms: 10

Full Baths: 8

Total Baths: 10

Year Built: 2024

Remarks: Embark on an investment journey with this eye-catching duplex, where the allure of Panama City Beach comes to life. This property offers breathtaking water vistas from its upper level and a spacious layout with five bedrooms on each side, plus additional bunk rooms, totaling 10 rooms alongside two bunk areas. Perfect for accommodating various group sizes, it ensures a comfortable and memorable stay for all guests. Step outside to enjoy the exclusive pool, a serene oasis just moments from your living space. With rental income projections ranging from $260,000 to $280,000, this duplex stands out as a premier investment opportunity in a coveted locale. Positioned merely a block from several beach accesses and two blocks from the famed Schooners seafood restaurant, the location is unbeatable. The interior boasts tasteful designs and high-end finishes curated by a local interior designer, featuring durable LVP flooring, sleek stainless steel appliances, a washer/dryer set, elegant quartz countertops, smooth soft-close cabinetry, stylish tile showers, and more. Offered fully furnished as depicted, this duplex is on a rental program and already earning income!

Sold Price/SqFt: 346.09

Under Contract Date: 2024-08-09

Sold Date: 2024-10-16

Sold Price: $1,610,000

Second: 1

Cooktop - Electric: 1

Dishwasher: 1

Disposal: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Water Heater - Electric: 1

Floor - Vinyl Plank: 1

Kitchen Island: 1

Newly Painted: 1

Foundation - Slab on Grade: 1

Roof - Metal: 1

Siding - Hardie Board: 1

Trim - Hardie Board: 1

Balcony: 1

Fenced Back Yard: 1

Patio Covered: 1

Pool: 1

Porch Covered: 1

Sprinkler System: 1

Storm Windows: 1

Cash: 1

Conventional: 1

Furnished: 1

Bunk Room: 1

City Street: 1

Driveway: 1

Commercial: 1

Bedroom: 1

Bunk Room: 1

Master Bedroom: 1

Public Sewer - Connected: 1

Water Connected: 1

Gulf: 1

As Is: 1

Second: 1

Second: 1

Third: 1

Central Air: 1

Central: 1

Electric: 1

Fire Sprinkler System: 1

Smoke Detector(s): 1